Economy

We generated N30.2 bn revenue in three months – Kano NCS Comptroller The Kano Area command of the Nigeria Customs Service (NCS), says it generated N30.2 billion in revenue between January and March 2024. The Area Comptroller, Mr Dauda…

U.S. Mayor, NBA commend Tinubu’s economic strides The Mayor of the City of Blanco, Texas, U.S., Mike Arnold, and officials of the National Basketball Association (NBA) team have eulogised the economic strides of the Tinubu…

CBN releases $500m to clear verified Forex backlog The Central Bank of Nigeria (CBN) says it has released $500m to various sectors in its determination to address the backlog of verified foreign exchange transactions. Its Acting…

Naira Hits New Low at N1,320/$1 as Diaspora Departures Drive Demand on Parallel Market In a concerning development, the Nigerian Naira experienced a significant dip on Wednesday, reaching a record low of N1,320 against the US dollar on…

Charting a Path for President Bola Ahmed Tinubu Amidst High Expectations By Zachariah Adigizi Hyellamada Tinubu steps into a nation weighed down by simultaneous challenges in security and economy. The Nigerian populace anticipates his…

FEC unveils three-year economic revival plan The Federal Executive Council (FEC) has unveiled a three-year economic revival plan to address the social and economic challenges affecting the country. The maiden cabinet meeting, which…

CBN threatens clampdown on BDC operators as Naira tumbles to 900/$ As the naira continues to defy efforts to tame its slide, the Central Bank of Nigeria (CBN) has threatened to revoke operating the licences of Bureau De Change (BDC)…

Oil marketers, on Monday, said the foreign exchange crisis in Nigeria and the recent implementation of a 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel, had pushed up the cost of the commodity to between N900…

Rice produced from the Lagos State-owned 32-metric tonnes per hour Imota Rice Mill in Ikorodu has now hit the market, with the listing of the commodity for trade in Lagos Commodities and Futures Exchange (LCFE) on Tuesday. This was…

The Kano State Government has reaffirmed its commitment to strengthen diplomatic relations with France. This is contained in a statement by Alhaji Ibrahim Shuaibu, Press Secretary to the state Deputy Governor, Alhaji Aminu Gwarzo, on…